Beijing on Sunday announced plans for retaliatory measures after the United States slapped 10 percent tariffs on Chinese imports.
China’s ministry of commerce said in a statement that the Chinese government would file a complaint with the World Trade Organization and take unspecified “corresponding countermeasures to firmly safeguard its own rights and interests.”
U.S. President Donald Trump on Saturday announced 10 percent tariffs on Chinese goods — as well as 25 percent tariffs on imports from Canada and Mexico — and has threatened to impose similar measures against the European Union. Canada and Mexico immediately vowed retaliatory measures.
Trump has linked the levies to irregular immigration and cross-border flows of the opioid fentanyl, which has driven a surge in overdose deaths in the U.S.
Beijing pushed back, saying: “China hopes that the U.S. side will objectively and rationally look at and deal with its own fentanyl issue and other issues, rather than threatening other countries by means of tariffs at every turn.”
China’s statement is far less specific than the immediate responses from Mexico and Canada, whose leaders ordered countermeasures on Saturday. Canadian Prime Minister Justin Trudeau said Ottawa would impose 25 percent tariffs on goods worth roughly $21 billion starting Tuesday and more later this month.
Posted by John3262005
3 Comments
>China’s ministry of commerce said in a statement that the Chinese government would file a complaint with the World Trade Organization and take unspecified “corresponding countermeasures to firmly safeguard its own rights and interests.”
Weak!
I’m surprised that Canada, Mexico, and China aren’t doing tit-for-tat tariffs.
Trump puts a 25% flat rate tariff on your country? Put a 25% flat one back.
It’ll be God awful for the economy in general, but might as well match what terrible shit that Trump is throwing to you instead of making him think that he can win with having only weaker tariffs put back into place for him.
Fire the nukes President Xi!